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/biz/ - Business & Finance

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12275177 No.12275177 [Reply] [Original]

Let me get this straight. Even the BTC devs claim crypto is nothing but a scam and can't work as money, at least not without a LN which still looks far away and won't work as money for years.
So seriously, why don't we just keep using paypal and credit cards? And even if we want crypto, Ripple and other private digital coins work perfectly right now. Why is BTC still a thing today? It failed to do what it was created to do, which is work as a currency. The only thing it succeeded at is bankrupting millions of gullible people who fell for the scam.

>> No.12275184

gee, i guess you’re right OP
pack it up boys, let’s go home

>> No.12275189

>>12275177
Because the true use case of a blockchain is smart contracts.

>> No.12275252

>>12275189
Can you give an example for a smart contract having real utility except DAI which is USD pegged?

>> No.12275452

>>12275177
This credit card idea seems pretty good to me. I'm going to try it out. Because my Bitcoin has been rising and falling in value with some consistency.

So, if I use a credit card, and at some stage during the month sell Bitcoin during a decent rise to pay off the credit used, I would come out on top with some margin of profit.

Brilliant.

>>12275252
> a smart contract having real utility

Uber. Imagine a self-driving uber vehicle that could accept payment with cryptocurrency, and also, when needed, use cryptocurrency it had earned to pay for things like fuel/electricity, maintenance, etc. It would be nothing short of revolutionary.

>> No.12275462
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12275462

CREDIT CARDS GOOD

AUSSIE MAN BAD

>> No.12275474

>>12275177
>BTC
>devs
Anon... watashi wa.....

>> No.12275489

>>12275452
The Uber example would work better with fiat.

>> No.12275504

>>12275489
No it wouldn't, you fucking idiot.

>> No.12275517

>>12275252
>>12275452

Another good example is POWR token, which is useful (And actually being rolled out in Countries like Australia) for the buying and selling of renewable electricity.

It is an energy trading platform that allows for decentralized selling and buying of renewable energy. The platform provides consumers with access to a variety of energy markets around the globe and is meant to be scalable to various energy infrastructures and regulations. The market is based on a dual-token ecosystem operating on two blockchain layers, POWR and Sparkz. POWR tokens allow consumers and hosts providing energy to interface with the ecosystem and are protected through Smart Bond technology. POWR tokens can be converted into Sparkz tokens, which can be used for frictionless transactions in the energy exchange market.

>> No.12275556

You have to think like a non-poorfag to understand the value of bitcoin as a store of value. If you have money you either invest it or hold it as cash. Right now is a great example, the fed completely manipulate interested rates, inflation, etc. If they raise rates assets crash, if they don't inflation ramps up. As someone who wants to maintain their wealth you are at the mercy of what the dozen old guys at the fed randomly decide to do. With bitcoin, there are 21 million bitcoin, and its not controlled by any one entity.

1 BTC will always be 1/21 million BTC and no on in the world can change that. That is the biggest, most valuable, use case of the blockchain, creating something that cannot be reproduced or counterfeited. This is the same reason $7 trillion+ is invested in gold right now, but bitcoin does it much better and is much easier to store and transact. Even matching gold's marketcap would put bitcoin in the many hundreds of thousands of dollars per coin.

The digital payments use case is so much less interesting, but for some reason people think its the main purpose of bitcoin. LN will make that possible, but it doesn't really matter, its just a bonus feature.

>> No.12275559

>>12275517
Please fuck off with your microcap Aussie shitcoin

>> No.12275602

>>12275559
It's simply an example of a potentially valuable usecase for cryptocurrency.

There is no need to be irrationally emotional about this. Go back to /r9k/ and tell them how daddy diddled with you as a child.

>> No.12275613

>>12275177
>LN which still looks far away and won't work as money for years.
It’s literally being used right now

>> No.12275632

>>12275556
>You have to think like a non-poorfag to understand the value of bitcoin as a store of value.
You're an idiot. Idk why I even refute you, but it's only a store of value as long as people keep buying it since it has a high inflation of 12.5 btc per block. A real store of value are stablecoins.

>> No.12275655

>>12275613
i want to make a local bitcoin bank with office and shit.
there would be multitude of services, one of which being able to invest into an ln hub. basically shareholders get the fees proportionally.
other services are standard multisig custodial services exchange and even automatic hedging (futures based) for businesses that accept bitcoin payment.
the point of the bank would be that you can choose the protection level you want. if you want to retain ownership then we provide a signatory service with the tfa level you request.

stuff like that. i got a very good idea how i want this bank to operate, it's just the legislation is retarded as fuck for financial institutions here.

>> No.12275665

>>12275632
If you don't understand why anyone would want crypto just stay out of it. Don't buy any but please stop pretending you know what you're talking about.

>> No.12275680

>>12275655
Jesus, now that's retarded. Can you show a calculation of economic viability? I'm not even going to call you on the simple fact depositing coins in a bank is the complete antithesis to everything bitcoin was invented to get rid the world of... you're so retarded no wonder millions of people buy the BTC BS. You're a living prove how scams can proliferate as long as people follow authority and keep believing only what they were taught could ever remain true.

>> No.12275681

>>12275665


You're the one making shit up. Get fucked with your digital gold shit, Saffedean. Scammer potheads like you and Szabo have fucked us up enough with that garbage.

>> No.12275686

>>12275632
>it has a high inflation of 12.5 btc per block
compared to the existing supply that inflation is diminishing hard. btc had high inflation in the early days, not now.

it has if i did the math right about 3% inflation a year now and decreasing with every block mined. adoption could easily outrace this inflation if there was an incentive.

>> No.12275705

>>12275680
>I'm not even going to call you on the simple fact depositing coins in a bank is the complete antithesis to everything bitcoin was invented to get rid the world of...
well like i said whatever the client wants, because investment comes with risk. but that's just one service, for those that want to participate in ln but don't want to run the infrastructure and especially can't handle the security (ie tracking down ln nodes and breaking in to get the keys).

this bank would not be a scam like i said before we full 100% recommend that clients retain their private keys the services are built around that core.

>> No.12275721

>>12275517

>POWR

fuck off Rob

>> No.12275755

>>12275705
oh and there would be two main reasons to use the bank for those that are traditionalists
1 inheritance (for now there is no way to conditionally reveal secrets at a future time, there are attempts but not with bitcoin) smart contracts will evolve obviously

2 security and durability, if something happens you can set up a key sharing scheme that will make it impossible to spend your vaulted coins without the choosed form of identification (even personal if you so choose) from the bank or digging out your reserve key from cold storage at a third party trezor service. this makes it impossible to lose your coins to hackers robbers natural disasters a good 2 out of 3 scheme is more secure and durable than a hardware wallet or cold storeage.

>> No.12275769

>>12275681
I didn't make a single claim. The other guy tried to educate you retards on how people actually use Bitcoin in the real world and you just called him an idiot. Why are you involved in crypto at all if you clearly don't understand why it has any value? Gold also only has value as long as people keep buying it and the gold supply increases every day as more is mined.

>> No.12275779

Bitcoin is meant to be digital gold. Everyone knows that already.

>> No.12275792

>planning to spend an intentionally deflationary currency at regular intervals
lmao

>> No.12275802

>>12275177
You are talking about xcard by mobilum aren't you?

>> No.12275809

>>12275632

The inflation decreased until 21,000,000 supply is met. There will never be more than 21,000,000 bitcoins. Yeah, its only valuable because other people want to buy it, that is basic supply and demand. Same reason gold has value. Except bitcoin has less inflation than the gold that is mined every year.

>A real store of value are stablecoins

No, a stablecoin is pegged to USD, if the fed keeps quadrupling the money supply every 10 years that is going to be a pretty shitty store of value. 1 bitcoin will always be 1/21 million of the maximum supply. No one can alter or manipulate the supply of bitcoin. That is incredible value. If you can't see that then you don't deserve to own bitcoin.

>> No.12275824

>>12275252
Literally any financial contract (futures, CDS, insurance, options etc.). Just think of any transaction of data/assets/money that require a third party to enforce/confirm the transaction.

>> No.12275830

>>12275705
Congrats. You just made a free advertising for BCH, where no one has to give custody over his keys.

>> No.12275851

>>12275809
>There will never be more than 21,000,000 bitcoins. Yeah, its only valuable because other people want to buy it, that is basic supply and demand. Same reason gold has value. Except bitcoin has less inflation than the gold that is mined every year.
Sorry to ruin your little theory, but everyone could create a coin so the supply isn't really limited. Sure, BTC supply is fixed, but money will start going there and move to other coins.

>> No.12275861

>>12275830
no one has to you are not paying attention.
if you want to participate in an ln liquidity pool then in that case you have to.

if you don't want to you just want to use the ln hub or just want the trezor service you retain ownership of your coins 100%.

what's so hard to understand on that? bch is bullshit. the minority fork is worthless. it made sense BEFORE the fork.

>> No.12275877

>>12275851

lmao thats like saying monopoly money devalues the USD dollar.

>> No.12275962
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12275962

>>12275452
>Imagine a self-driving uber vehicle that could accept payment with cryptocurrency, and also, when needed, use cryptocurrency it had earned to pay for things like fuel/electricity, maintenance, etc. It would be nothing short of revolutionary

>> No.12275976

>>12275252
>Can you give an example for a smart contract having real utility
You can issue tokenized stock shares to accredited investors - globally - right now, no permission needed, at a total cost of below $1 in ethereum fees.
Doing it the old way would require ~5% (of all money invested) in fees.

>> No.12275989

>>12275655
the point of XBT is to get rid of banks and not have to use anyone as a payment processor middle man

if your business plan would work, it would be because Bitcoin is useless, which means no business owner in their right mind would use Bitcoin in the first place.

>> No.12275991

>>12275962
Are you calling yourself retarded? If you don't understand the implications for such a technology then you are literally the picture you posted.

>> No.12276001

>>12275177
Bitcoin literally goes by BSV these days. BCH is also not bad. There are other cryptos that are better bitcoin than BTC. LTC, Doge, DGB. BSV seem to have the right idea though, the others are just going along and hoping that it works out in the end.

>> No.12276033

>>12275989
>the point of XBT is to get rid of banks and not have to use anyone as a payment processor middle man
no xbt is btc futures different shit

you don't have to it's a service same as you don't have to go to a hair salon and can cut your own hair make your own coffee maybe even make your own beer. it's a free world.

>if your business plan would work, it would be because Bitcoin is useless
i disagree the success depends on bitcoins adoption. people are different they approach things differently it's true that you can use btc without ever using a 3rd party service but it's also possible to add value with said service (like an ln hub with sufficient liquidity is value or a 2fa authentication service is value it prevents hacking and stealing your bitcoins also smart contracts... who do you think will write and audit them? the end users? heh)

>> No.12276108

>>12275861
>no one has to you are not paying attention.
But people won't just open LN nodes voluntarily so you just rely on philanthropy - people opening nodes with high enough liquidity while not having an incentive to do so - almost zero fees aren't worth the risk and no one will go through the trouble of using digital gold to buy stuff when he could use a credit card like even the BTC devs say he should do.

>the minority fork is worthless. it made sense BEFORE the fork.

Keep dreaming. The LN is far worse than being a fork, it makes BTC a centrally planned coin forced on the users without their consent (which is prcisely why Core chose the LN which is supported by a softfork and will never hardfork - to stay in power indefinitely), which forces its users to hoard their coins without having freedom to send their coins directly without someone providing the liquidity.

>> No.12276137

>>12275877
>lmao thats like saying monopoly money devalues the USD dollar.
So BTC is the USD of crypto? Where is the government forcing everyone only to accept BTC? Where is the USArmy defending BTC interests?

>>12275976
Real corporations won't just sell their shares directly and start overriding stock exchanges without the state backing them.

>>12276001
BSV is Ripple. It's far worse than BTC.

>> No.12276162

>>12276137
>Real corporations won't just sell their shares directly and start overriding stock exchanges without the state backing them.
https://fortune.com/2018/08/23/hotel-real-estate-aspen-blockchain-ethereum-st-regis-indiegogo/#
https://www.forbes.com/sites/rachelwolfson/2018/10/03/a-first-for-manhattan-30m-real-estate-property-tokenized-with-blockchain/

>> No.12276201

>>12276162
Doesn't say anywhere it's a legal contract though.

>> No.12276213

>>12276137

No, BTC is to crypto what gold is to precious metals right now. Its the biggest one with the most people invested. Saying altcoins / forks dilute BTC supply is like saying gold's supply can be increased by making fake gold or something. Or like printing monopoly money increased USD supply. It doesn't make sense.

BTC's supply is fixed at 21,000,000 million. You can't increase that by making alt coins or fake BTC, or w/e you were implying.

Any there isn't a government forcing everyone to use gold, or a government that controls gold that has a powerful army. But gold is still valuable. Its a universal store of value just like BTC is a universal currency. The whole point is no government or entity has to force people to use it because the supply is constrained. The government isn't quadrupling the supply of BTC and running a trillion dollar deficit in BTC. No one has to force people to use BTC because its inherently valuable due to its guaranteed scarcity.

>> No.12276475

>>12276213
>Its the biggest one with the most people invested.
That's not guaranteed to stay the same. It's not magically gold just because you call it gold. Is LTC silver because it's marketed as "digital silver"?

>> No.12276797

>>12276108
>almost zero fees aren't worth the risk
well a single bitcoin so to speak can provide liquidity to hundreds of thousands of transactions. even a 0.1% would amount to a lot. but again it's just one service not mandatory or anything. what else you gonna invest your bitcoins ""mining"" scams lol?

>> No.12276834

>>12276797
but i don't think custodian service vaulting or ln pooling will be the greatest hit for bitcoin banks.
making futures and hedging user friendly and or automatic is where it's at.

for example, you want to spend your bitcoins via a credit card, but you want to spend on the current price not the price at settlement because that's a risk. so the bank can cover your spending with futures locking in the price for settlement, instead of you cashing out your monthly spending budget you can just pay the price the end of month that you locked in.

and also like i said for shopkeepers that want to accept crypto but all their expenditure is in fiat, there could be xbt based accounts that remove the risk (and possible profit) till the settlement period.

of course everyone could do this manually, but i don't think most people want to deal with this shit daily or even know how.

>> No.12276871

>>12276834
and finally let's not forget a bank is subject to local laws a legal entity that is responsible and preferably not deal with the seychelle islands bullshit like if bitmex fucks you over.

>> No.12276927

>>12275177
btc + LN + RSK is the future. don't sell it to jews

>> No.12277049

>>12275252

Any real word contract you fucking retard

>> No.12277135

>>12277049
i think the concept of dai opens up a lot of possibility for trustless lending and futures trading enforced by dapps and smart contracts. i mean shit requires tons off work but the basic pieces seem to be at play already.

decentralized exchanges futures and lending are really a potential game changer. too bad it's impossible to make a decentralized fiat gateway.

>> No.12277172

>>12275556
this
>>12275809
>>12276213
This guy’s replies are the only ones that matter. /biz/ is fucking doomed because they can’t figure out what the point of bitcoin is. Don’t worry, most normies can’t either. But that indeed means you all are on the level of normies, sadly.

>> No.12277248
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12277248

>>12276475
>gold is the most naturally energy-intensive element, requiring the literal death of a star (a supernova) in order to form.
>it’s the biggest “naturally-scarce-thing” in the financial world with the most people invested.
>”THAT’S NOT GUARANTEED TO STAY THE SAME!!!1!11”

How stupid do you sound? Inb4 it’s not the same thing, etc etc. Well it kind of literally is - bitcoin (BTC) is literally digital gold. It satisfies the bare minimum requirements of being such a thing, and it works, and is the first of its kind. Unironically the “if it ain’t broke don’t fix it” mentality applies incredibly strongly here.

As far as LTC being “digital silver”.....well, unironically, yes, that is basically LITERALLY what it is, because it’s the SECOND oldest after bitcoin and with the 2nd most people invested in it. End of discussion.

Do I think LTC is nothing but a shitcoin, and that BTC is slow compared to BSV or BCHABCDEFG or XRP or even fucking nano or whatever else scam of the week is currently circulating? Sure of course! But tell that to the market, it will set you straight very quick and efficiently. The nice thing about economics is you don’t have to be right all the time, the market already is.

>> No.12277380

>>12277248
>gold is the most naturally energy-intensive element, requiring the literal death of a star (a supernova) in order to form.
sorry to break it to you but aside from hydrogen, that's pretty much true for most elements. iron, carbon, silicium, everything is made in stars.

tantalum is so much more rare than gold it's ridiculus. it's also corrosion resistant and a precious metal. gold ain't got shit on tantalum.

face it golds price is purely speculatory it's a bubble.

>> No.12277395

>>12275177

Read the bitcoin standard and stop investing in shitcoins. Retard.

>> No.12277410

>>12276927
rootstock is just a clone of ethereum presented as a currently broken sidechain. nobody's going to use it.

if bitcoin's getting smart contracts its going to be their own kind, much simpler, without much of the risk that ethereum has had to deal with via their vm. they already have a paper on this language as it is, so rootstock won't be seeing any users.

>> No.12277415

>>12277172
>>12275809
algorithmic stablecoin can be pegged to anything. There's digix gold (centralized) gold stablecoin.
But regardless, us dollar is an infinitely better store of value than the us dollar. Inflation is not a problem as long as interest on savings is larger or equal to it.

>> No.12277454

>>12275632
Imagine being this fucking stupid holy shit

>> No.12277517

>>12277415
non backed tracking coins run into two problems 1 the oracle problem (heavy centralization and point of failure for now) 2 the price of the blockchain tokens fluctuation which can lead to a catastrophic breakdown of the system.

nothing is perfect.

>> No.12277525

>>12277517
>the oracle problem (heavy centralization and point of failure for now)
this also isn't something chainlink can solve, because its only useful for centralized oracle data

>> No.12277530

>>12275177
Beam is the key 03.January.2019 the key symbol in Szabo's twitter

>> No.12277532

>>12277525
yeah when the datasource is centralized you can fuck around with the oracles all you want.

>> No.12277561

>>12277517
but of course backed crypto is even worse much worse so there is that.
>tether big scam
it fucking is.

>> No.12277576

Bitcoin Cash will succeed. Bitcoin won't.

>> No.12277599

>>12277576
sorry worthless shitcoins need not apply!
all minority forks are meaningless. they don't provide anything to the cryptosphere. they are just fucking p&d scams diluting market cap

>> No.12277607

>>12277599

>When the minority fork functions better in every way compared to the original

>> No.12277619

>>12277517
they are still way better than bitcoin.

>> No.12277657

>>12277607
>when the whitepaper dictates only one fork lives and all minority fork dies off but some scammer faggots refuse to let it die and start memeing about vishnu and poo
i bet satoshi is very sad now if he is still alive.

>> No.12277670

>>12277657

Where does the white paper mention segwit, smooth brain?

>> No.12277714

what if I told you bitcoin isn't for western developed countries

>> No.12277719

>>12275252
>Can you give an example for a smart contract having real utility except DAI which is USD pegged?
If you're too dumb to imagine even a single use case, you deserve to stay poor and I won't give you an answer and I urge everyone else in this thread to not give an answer as well.

>> No.12277738

>>12275556
>The digital payments use case is so much less interesting, but for some reason people think its the main purpose of bitcoin.
Like maybe the reason of it being the literal headline of the white paper?

>> No.12277759

>>12275177
The amount of mental gymnastic BTC maximalists go through is extremely funny desu.

>> No.12277767

>>12277714
yeah that's the irony of it. i know anon i know but only those people use it that don't really need it.

>> No.12277810

>>12277670
i don't remember it mentions specific opcodes script in detail or anything like that. but the description of a transaction specifically includes the signature that much is true. however nothing is changed if you don't like segwit or don't trust it don't use it! i don't use it. fuck it! btc is bitcoin nevertheless.

>> No.12277917

>>12276797
That's a nice BS fact you pulled right out of your ass. That post goes to Buttcoin.

>>12277248
>that is basically LITERALLY what it is
Wait, LTC has some physical silvery properties which are measurable? No one gives a shit it's the second oldest chain because people look for measurable properties, not trivia only nerds care about.

>>12277172
>/biz/ is fucking doomed because they can’t figure out what the point of bitcoin is.
People only buy BTC because of promise of more fiat, they don't give a shit about the "digital gold" narrative. Deal with it.

>> No.12277937

>>12277917
>That's a nice BS fact you pulled right out of your ass. That post goes to Buttcoin.
alright what limits the number of times funds can be used? i mean sure it' snot gonna be the exact same bitcoin but what goes out comes in with ln hubs. unlimited times.

>> No.12277999
File: 1.94 MB, 3136x2352, 1501638808936.jpg [View same] [iqdb] [saucenao] [google]
12277999

>>12277599
>all minority forks are meaningless.
BTC softforked - soft - FORKED to allow the LN while preventing anyone from taking the ticker symbol by continuing mining the old chain rules. Actually this was one of the most brilliant business decisions in history, at least of what I can think of right now. The Core dev team effectively hijacked the chain since no one will have the ticker but they.
So calling a coin which hardforked without limiting the capacity of the coin and completely changing the model the coins is based on is the biggest hypocrisy possible for a BTC hodler - BTC may have the same ledger, but it metamorphosed with a "soft"fork into an shitty useless alt.

>they are just fucking p&d scams diluting market cap
You just helped me prove my point. LTC did exactly that, and the only way it was accepted by BTC hodlers was because it was passed as the new testament from the devs - the new improved dogma which made a side chain suddenly kosher., and that was FAR WORSE than a fork (the BTC holders didn't get an equal share).

I'm starting to think you aren't that dumb, you're just a shill.

>> No.12278011

>imagine unironically believing crypto as a currency is it's best use case...

>> No.12278039

>>12277999
mmm she could whip my cream too

>> No.12278057
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12278057

>>12277937
You know nothing about how the LN works. Everything relies on liquidity, and that completely depends on the specifics of the network - the topology - and the algo for finding routes. Saying "it just works" because they said so is like saying "we'll just colonize Mars" because they said so.

>>12278039
The only reason to come to /biz/ are the pics.

>> No.12278061

>>12277999
>you're just a shill
nah chill out i'm just saying what i understand from all this. minority forks are retarded because btc gets security from the majority of hash being on the network. it doesn't have to do with design philosophies. if it was up to me there would have been a hard fork both increasing the block limit and adding segwit support with a new proper opcode. not that i particularly like segwit or feel it's actually necessary in the near future but if they want to fuck around with it why not. it's opt-in who cares?

>> No.12278071

>>12278057
>You know nothing about how the LN works.
i'm curious now, showcase it to me please what limits the same liquidity in the number of re-uses... aside from the channel life-cycle. we all know about that.

>> No.12278088

>>12278011
>it’s called cryptocurrency

>lmao brainlets trying to use it as a currency imagine being this dumb

>> No.12278147

>>12278071
Once a LN node funds are depleted the node can't relay any more payments, so either you will have to have a miraculous software which will keep finding new routes, or you'll have to rely on very few hubs providing the liquidity which most users will relay payments through, in that case the LN will have zero privacy, and could end with a regulator requiring KYC and the users could end with no way out since they'll already have their funds locked with the hubs and by then won't be able to afford an on-chain payment to gtfo of the regulator compliant hub.

>> No.12278171

>>12278147
no shit nigga we were talking about a bitcoin bank pooling btc for hub

>> No.12278298

>>12278171
to provide clarification how a regional bitcoin bank could work at least what i'm trying to do:
1 costumers are connected by 1-way channels (these can be open indefinitely really but say open for a month) they can only send this means most channels don't lock up hub liquidity.
2 clients that want to participate in the hub give custody off their tokens to the bank in return they get a certification/security.
3 vendors either host their address with the bank in an automatically hedged futures account in which case there is no channel to bind liquidity into or
4 vendors are pooled short lived one way channels of limited capacity through which payments are routed and these channels are closed regularly freeing the remaining funds
5 after a certain limit of spending was collected on a consumers channel the bank will request settlement and opening a new channel to preserve liquidity

so long the purchasing power and the places where they spend it are all connected to the same hub which has enough liquidity the entire system works quiet well cheap and efficient and mostly trustless on the consumer side.

>> No.12278323

>>12278298
LOL congrats, you just proved BCH was right all along if all that work is required to escape the BTC dev team's monetary policy imposed on the BTC holders.

>> No.12278348

>>12278323
no it's just a model i think would work quiet well in the interim period. and like i said it's just one facet of the btc banking idea. it would make it possible to actually purchase shit with bitcoin like touch and go go to a store snap a barcode check transaction details press "authorize" done, you can go, faster than a wireless card.

and that would be an important step for crypto adoption and preferably in the future it will not even involve banks of any sort. unless you call large hubs that.

>> No.12278353

Testing

>> No.12278413

>>12278323
also yeah if and that's a capital IF cash makes 0-conf work safely for the vendor i no fraud is really possible they ccan't be fucked over, then it will look pretty fucking silly i agree. however for now anyone accepting 0-conf is a fucking retard.

>> No.12278462

>>12278413
i just don't really think cash has the minds to do any innovation really. if core couldn't make the 0-conf work safely for years and years without this weird smart contract multisig wallet thingie called ln channel, then i really don't expect anything from cashies.

>> No.12278559

>>12278462
>i just don't really think cash has the minds to do any innovation really.
Again - lol. That's one of the few problems they actually seem to solve soon: https://www.youtube.com/watch?time_continue=185&v=zhbC2VK1yHQ

>> No.12278623 [DELETED] 

>>12278559
i'm still not sold on gossip protocols scaling, they can spam the shit out of the internet infrastructure at wide scale adoption without ever reaching consensus.

>> No.12278647

>>12278559
i'm still not sold on gossip protocols scaling, they can spam the shit out of the internet infrastructure at wide scale adoption without ever reaching consensus.

as for dags they almost seem to require special trustful validating nodes in the end to scale. it's weird how it always ends up like that.

but i'm all for innovation really, and we will see what we can sacrifice and live with.